Specifications include, but are not limited to: The Kansas Eastern Regional Insurance Trust (KERIT) is seeking proposals from qualified consultants (individuals or firms) to conduct the financial management services of KERIT. General Services a. Maintain an office in a location of consultant’s choosing and pay all costs incidental to the occupancy and maintenance of the office; b. Retain sufficient personnel to conduct the financial management services of KERIT; c. Serve as point of contact for all inquiries and questions about KERIT and its finances; and d. Provide information on an ongoing basis to members. Financial Transaction Processing and Statement Preparation e. Cash receipts – accept/deposit payments, record in check register; f. Cash disbursements – forward invoices to chair for online banking; setup online vendors when required; record in check register; g. Record monthly general ledger transactions; h. Bank reconciliations; i. Update supporting documents including premium receivable, prepaid expenses, investments, claim reserves, specific reinsurance receivables, worker’s compensation tax schedules, investment distribution schedules; and j. Publish final financial statements including balance sheet and income statements in summary and by claim year (MARC imports transactions and produces two provisional income statements before final is published).
